Adani Green Exits Controversial Renewable Energy Project in Sri Lanka

14 Feb 2025 CW Team

Adani Green has withdrawn from a renewable energy project in northern Sri Lanka on February 12, 2025, amid on-going concerns from locals and a legal challenge regarding its approval and potential environmental impact. This move represents a significant retreat for the Adani Group from its regional investment plans in the wake of local opposition.

The renewable energy wind farm project, located in the northern towns of Mannar and Pooneryn, was initially approved by the Gotabaya Rajapaksa administration in 2022 without a competitive bidding process. Despite this approval, the project faced significant opposition from local residents, environmental activists, and political groups, who raised concerns about its environmental consequences, particularly the potential threat to a key bird migration corridor. The project had been under legal scrutiny, with the Supreme Court being involved in reviewing the matter.

The Adani Group had been in protracted discussions with the Ceylon Electricity Board for over two years regarding the 484 MW wind farm, which had an expected investment of around $1 billion. However, following the Sri Lankan government's recent decision to appoint a committee to renegotiate the terms of the project, Adani Green chose to withdraw, stating its respect for Sri Lanka’s sovereign rights and decisions.

This withdrawal comes as a victory for Sri Lanka’s President Anura Kumara Dissanayake, who had promised to cancel the project during his election campaign in September 2024, citing corruption concerns. However, his government had later shown willingness to renegotiate the deal.

Despite pulling out of the wind farm project, Adani Group is proceeding with the development of the West Container Terminal at the Colombo port, in partnership with the Sri Lanka Ports Authority and John Keells Holdings.

News source: The Hindu

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..